Thats not how it works. In most eastern countries rice is heavily controlled and subsidized the same way we control mechanism dairy, corn, wheat etc. So its not pure market capitalism at play.
Even in countries where the government doesn’t do this, there are companies that buy “Future produce” to help farms mitigate risk. They say what their price for corn will be months before harvest, and even if a bunch of global events affect the crop’s price, the farm gets reliable income. They don’t get the windfalls of high prices, but they’re basically offloading the risk, like insurance.
Thats not how it works. In most eastern countries rice is heavily controlled and subsidized the same way we control mechanism dairy, corn, wheat etc. So its not pure market capitalism at play.
Even in countries where the government doesn’t do this, there are companies that buy “Future produce” to help farms mitigate risk. They say what their price for corn will be months before harvest, and even if a bunch of global events affect the crop’s price, the farm gets reliable income. They don’t get the windfalls of high prices, but they’re basically offloading the risk, like insurance.